NEW YORK CITY — In a federal courtroom on Monday, storied fashion designer Michael Kors spoke about the steep challenge of staying relevant in a world where brands can rise and fall based on viral TikTok videos and photos of handbags on the arms of celebrities such as Taylor Swift and Beyoncé. Kors kicked off … Read more
Here are five key things investors need to know to start the trading day: 1. Four-ward The S&P 500 marked its fourth winning day in a row Thursday, gaining 0.75%. The Nasdaq Composite did even better, rising 1%, as investors snapped up tech names, while the Dow Jones Industrial Average added 235.06 points, or 0.58%. The gains came … Read more
Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images Just a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh big questions about how … Read more
Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became … Read more
CNBC’s Jim Cramer on Monday named stocks that could stand to see gains if Donald Trump returns to the White House, as well as ones that may notch losses — even as he conceded that the former president’s moves can be difficult to predict. “After this weekend, it sure seems like the Trump stocks are … Read more
CNBC’s Jim Cramer on Friday guided investors through the upcoming earnings-packed schedule on Wall Street, saying to focus on reports from companies such as Uber, Disney and Warner Bros. Discovery. Since April’s labor report was weaker than expected, he said investors can worry less about the Federal Reserve’s next move. “Now that it’s clear the … Read more
Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images The U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade’s parent company, Tapestry. The move by regulators brings at least a temporary halt to a deal that would … Read more
